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HPCL ONGC MERGER
Oil Ministry working on proposal to merge MRPL with HPCLThe idea of the MRPL-HPCL merger had been floated soon after ONGC acquired HPCL from the government five years ago but made little progress...- ONGC's plan to merge MRPL with HPCL may have to wait till FY24Sources said that the process of merging ONGC's two oil refining subsidiaries, Hindustan Petroleum Corp Ltd (HPCL) and Mangalore Refinery a...
- HPCL may use mix of shares, cash & oil bonds to buy MRPLThe final nature of the deal and the payment plan will be worked out once the boards of HPCL and MRPL approve the proposal to merge.
- HPCL, Mangalore Refinery merger in FY'19: CMD Mukesh Kumar SuranaOil and Natural Gas Corp (ONGC), India's biggest oil and gas producer, earlier this year completed the acquisition of HPCL for Rs 36,915 cr...
- Merger with MRPL should happen at earliest, says HPCLOil and Natural Gas Corp, India's biggest oil and gas producer, last month completed the acquisition of HPCL for Rs 36,915 crore.
- HPCL may acquire MRPL in cash, share-swap dealYesterday, ONGC Chairman and Managing Director Shashi Shanker said his company will also consider merging MRPL with HPCL at a later date.
- HPCL may buy MRPL in share-swap dealShare-swap, he said, is the most likely option for the merger. “An exercise to arrive at valuations etc will begin shortly,” he said.
- ONGC may look at selling stake in other PSUs to fund HPCL acquisition“There are many funding options available. We can look at market borrowings, we have some stocks we can sell,” Chairman and Managing Direct...
- Brand HPCL will remain intact as it is: Dharmendra Pradhan, Oil Minister"This kind of arrangement (the ONGC-HPCL merger) is going to be a first in India and I am hopeful that it will work," said Pradhan.
- HPCL may buy 2 ONGC units before mergerHPCL already has a 16.96% stake in MRPL, in which ONGC holds 71.63%. ONGC has a 49.36% stake in OPaL with GAIL holding 49.21%.
- FM Arun Jaitley to head panel for 'quick decisions' on ONGC-HPCL mergerSteps will be taken to ensure that the “cultural uniqueness” and “brand identity” of HPCL, India’s third-largest oil refiner, are maintaine...
- Birth of an oil giant: Six reasons why HPCL-ONGC deal is importantThe government's approval of the HPCL-ONGC merger is a major step towards India's efforts to build a mega company that can compete with glo...
- ONGC-HPCL merger plan on ministry table; Pradhan weighs in-principle nodForeign brokerage CLSA said the government would be the only gainer in the merger.
- From a strategy point of view, the merger is very positive for ONGC: RS Sharma, Former CMD, ONGC"ONGC get non-organic growth in one stroke and the way the crude prices are behaving it is very very important for any company of this stat...
- HPCL, ONGC merger wouldn’t bring synergy: Ambit Capital“ONGC parentage could mean interference (from ONGC or government), highly probable participation in upstream and, more importantly, dilutio...
- Indian Oil Corporation-Oil India merger on the cardsThis is all a part of the Modi govt's vision to create integrated oil and gas companies, and as announced by the FM in his 2017 Budget spee...
- ONGC-HPCL deal: Acquisition is better than merger if it happens, says MK Surana, CMD, HPCLONGC has got a different line of focus line of business. They are more upstream dominated. We are more refining and marketing dominated, sa...
- Life for HPCL as ONGC arm seen as win-win for bothAnalysts believe the combined oil behemoth of HPCL will help cushion ONGC against volatility in earnings.
- Merger talks of ONGC, HPCL on at ministerial levelHPCL will add 23.8 million tonnes of annual oil refining capacity to ONGC's portfolio, making it the third-largest refiner in the country a...
- Talk of HPCL-ONGC merger leaves Dalal Street analysts anxiousForeign brokerage Morgan Stanley sees limited impact on HPCL/BPCL if government transfers ownership to ONGC.
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